Matterport Q1 ARR record $96M; subscription rev up 21% to $24M; net loss per share improves 33%

Matterport, Inc./DE

2024-Q1 EPS reported -$0.12 revenue$39,872,000

Subscription revenue $24.0M (+21% YoY); total revenue $39.9M.
GAAP net loss per share $0.12 (improved 33% YoY); non-GAAP net loss per share $0.01 (improved 86% YoY).
Record Annualized Recurring Revenue (ARR) of $96M; total subscribers hit 1.0M (+30% YoY).
Cash used in operating activities $3.8M, an 81% improvement YoY; cash and investments $419M, no debt.
Suspending FY2024 guidance due to pending acquisition by CoStar Group announced April 22, 2024.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Matterport, Inc./DE reported financial results for the quarter ended March 31, 2024.

Period: the quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On May 6, 2024, Matterport, Inc. (the “Company”) issued a press release announcing its financial and operational results for the first quarter of 2024. A copy of the press release is furnished as Exhibit 99.1 hereto.

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Source: SEC EDGAR

accession 0001819394-24-000027

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